In the next 7-10 days, property tax valuations for Southlake homeowners will arrive by mail from Tarrant and Denton Counties. And because of all the change due to the COVID-19 social distancing orders, there are also adjustments to this year’s Tarrant and Denton County protest processes.
For Denton County homeowners, the appraisal notice will be mailed by April 29. For Tarrant County residents, notices are scheduled to be sent on May 1.
“For FY 2020, the City reduced the tax rate by 3.7 cents for a valuation of $.041 per $100,” said Sharen Jackson, Southlake’s Chief Financial Officer. “Homeowners also need to make sure their 20% homestead exemption is in place and, if applicable, the senior tax freeze, and an over 65/disability exemption of $75,000.”
Exemptions At Work
To apply for your exemptions, follow these simple steps.
CFO Jackson also said that the 20% homestead exemption for an average valued Southlake home ($740k) reduces the taxable value by $148k, an average a savings of $607.
For FY 2020, the tax rate went from $0.447 to $0.41, which results in additional savings of $222 for homeowners. Most of the rate ($.33) supports general city operations. The other portion of ($.08) pays down on debt that the City has issued to build public infrastructures such as roads, sidewalks, and public facilities. The City tax rate constitutes about 15% of the total tax levy in Southlake (depending on the school district).
Because of current social distancing guidelines, each appraisal district will handle protests differently this year. Both appraisal districts are encouraging residents to use their online protest systems and to create a user profile on the appropriate appraisal site.
If you live in Denton County, click here for Denton Central Appraisal District protest procedures. Denton County residents can create their user profile by using their Google, Facebook, or Twitter account. For more information, visit https://www.dentoncad.com/protestfaqs. The deadline to file a protest with Denton County is 30 days after the postmark on your appraisal notice.
The Tarrant Appraisal District has pulled together a news and FAQ page for property owners. They also advise taxpayers who are preparing to protest to activate their TAD.org online account now. The deadline to file a protest with Tarrant County is June 1, 2020, or 30 days from the mail date listed on the notice, whichever is later.
If you have any questions, please call us at (817) 748-8042. If you prefer to contact your appraisal district directly, the numbers are below.
Tarrant County Appraisal District
2500 Handley Ederville Road
Fort Worth, TX 76118
Denton Central Appraisal District
3911 Morse Street
Denton, TX 76202
For more information about the City’s tax rate, please visit www.CityofSouthlake.com/TaxInformation
The Denton Central Appraisal District will hold a public hearing on their biennially reappraisal plan for the 2013-2014 appraisal year. The public hearing will be held on September 13, 2012 at 3:00 pm at 3901 Morse Street, Denton, Texas.
REVALUATION DECISION (REAPPRAISAL CYCLE)
As required by Section 25.18 of the Property Tax Code, the Denton Central Appraisal District will provide
for the reappraisal of all real and personal property located within the district boundaries. It is the policy of
DCAD to reappraise all properties annually. The reappraisal year is a complete appraisal analysis of all
market areas in the district and each property owner will be noticed in compliance with section 25.19 of the
Texas Property Tax Code.
Market areas are broken down into geographical regions; Denton County has 5 distinct regions:
The market areas discussed above are further broken down into Residential neighborhoods, Commercial
improvement type segments, commercial land segments and rural land schedules.
The reappraisal calendar year begins the day after certification, usually around July 21st with data collection
and inspections continuing until February with market analysis and model calibration of the market regions
continuing until notices are mailed. Further analysis might be needed on any problematic areas that arise
during the informal and formal protest season until certification of the appraisal roll.